10/23, 3:44 PM (Source: TeleTrader)
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Aramco to reach carbon neutrality by 2050 - CEO

Saudi Aramco is expected to "achieve the ambition of being net zero from our operations by 2050," the company's CEO Amin Nasser said on Saturday.

"We understand that the road will be complex, the transition will have its challenges, but we are confident we can meet them and accelerate our efforts to a low emission future," Nasser said during the Saudi Green Initiative summit.

Earlier during the day, Saudi Crown Prince Mohammed bin Salman made the same commitment regarding the carbon neutrality of the entire country, setting the deadline at 2060.

Breaking the News / BU